listen to Shane talk through the announcement from yesterday available off the company website... Anyone new to the stock or what they are trying to do here will learn alot in the 9min talk he gave. Drilling of main target they have planned for has started and they hope to have hit the target zone in 7 to 10 days time if rates of drilling can be maintained as expected. News will come in next fortnight to 4 weeks on progress either way and the drill bit will do the talking.... .They simply infomred market of observations from holes they did to get the water they need for the diamond drilling process and came accross something they didn't expect to see in this task. If the thought process is correct and this material at surface is linked to the massive blob they have interpreted off AMT survey work then they should see massive sulphides that will be announced to the market with pictures of core and hand held results when they come to that point in time over the next 7 to 10 days time..PAtience is necessary, nothing has changed in the process this company has planned and said it would do. The drilling of the central target is what they said they were aiming to do and test and see what they have. They just happended to stumble accross material that contains the signatures of deposits in a spot they didn't expect to see it. Lucky them and transparent to announce this to the market. The drill bit will do the talking which I've mentioned and previously (Jul/Aug and even earlier) and been anticipating waiting for. This is what exploration is all about. Look at the market cap of LEG who had similar experience at Mawsons. They hit a massive sulphide interval and the MC went up to $200m at their peak and has tumbled down ever since. They have a massive # of stock on issue but held by management with Creasy links. This until yesterday had similar management holding except no major backer or player on board. Who knows whats happened based off annoucement of yesterday.
This is one flying under the rated stock that people unitl yesterday knew nothing about - fortunately I did having a interest in this area and type of work being compelted. Now people are taking a punt now that drilling is taking place on a target with some geophysics behind it with results to be available in coming weeks not months or quarters. This is real work happening in the field that people want to be apart of because they know that if the theory DUN have put forward proves to be correct the company will be on a masssive rerate.. People want some piece of the action before the answers to the blob being a massive source of sulphides with payable minerals present are proven or not....
The swings up and down all lay with the drill bit and what it shows. So far interesting results with elements of similarity to other discoveries in this region to get people excited about to think this is worth having a little slice in ones portfolio...
Let the drill do the talking...
DUN Price at posting:
60.5¢ Sentiment: Buy Disclosure: Held
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